Braun Bostich & Associates Inc. Buys 3,781 Shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Braun Bostich & Associates Inc. increased its stake in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 4.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 84,257 shares of the company’s stock after buying an additional 3,781 shares during the quarter. First Trust Low Duration Opportunities ETF comprises 3.0% of Braun Bostich & Associates Inc.’s holdings, making the stock its 8th largest position. Braun Bostich & Associates Inc. owned 0.09% of First Trust Low Duration Opportunities ETF worth $4,101,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hershey Financial Advisers LLC purchased a new stake in shares of First Trust Low Duration Opportunities ETF during the 2nd quarter valued at approximately $30,000. Riggs Asset Managment Co. Inc. purchased a new stake in First Trust Low Duration Opportunities ETF in the third quarter valued at $76,000. Prospera Private Wealth LLC purchased a new stake in First Trust Low Duration Opportunities ETF in the third quarter valued at $79,000. Harbor Investment Advisory LLC lifted its stake in shares of First Trust Low Duration Opportunities ETF by 20.1% in the 4th quarter. Harbor Investment Advisory LLC now owns 2,746 shares of the company’s stock valued at $134,000 after purchasing an additional 459 shares during the last quarter. Finally, Pinnacle Bancorp Inc. grew its holdings in shares of First Trust Low Duration Opportunities ETF by 23.4% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 3,226 shares of the company’s stock worth $159,000 after purchasing an additional 611 shares during the period.

First Trust Low Duration Opportunities ETF Price Performance

Shares of NASDAQ:LMBS opened at $48.73 on Wednesday. First Trust Low Duration Opportunities ETF has a 12-month low of $45.06 and a 12-month high of $51.49. The business has a 50-day moving average price of $48.71 and a 200 day moving average price of $48.88.

First Trust Low Duration Opportunities ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a dividend of $0.17 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.19%. The ex-dividend date was Friday, December 13th.

First Trust Low Duration Opportunities ETF Company Profile

The First Trust Low Duration Opportunities ETF (LMBS) is an exchange-traded fund that is based on the Bloomberg U.S. MBS index. The fund is an actively managed fund that invests in a variety of mortgage-backed securities with target duration of less than 3 years. LMBS was launched on Nov 4, 2014 and is managed by First Trust.